Zacks Research Has Negative Estimate for AFG FY2024 Earnings

American Financial Group, Inc. (NYSE:AFG) – Equities researchers at Zacks Research reduced their FY2024 earnings estimates for shares of American Financial Group in a research report issued on Monday, February 3rd. Zacks Research analyst T. De now expects that the insurance provider will post earnings per share of $10.78 for the year, down from their previous estimate of $10.82. The consensus estimate for American Financial Group’s current full-year earnings is $10.83 per share. Zacks Research also issued estimates for American Financial Group’s Q2 2025 earnings at $2.71 EPS and Q1 2026 earnings at $3.23 EPS.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.03). American Financial Group had a net margin of 10.84% and a return on equity of 19.97%.

A number of other research firms also recently issued reports on AFG. BMO Capital Markets boosted their price target on American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research note on Friday, November 15th. Piper Sandler boosted their target price on shares of American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of American Financial Group from $165.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th.

American Financial Group Price Performance

NYSE AFG opened at $127.42 on Wednesday. The stock has a market capitalization of $10.69 billion, a price-to-earnings ratio of 11.94 and a beta of 0.83. American Financial Group has a 1-year low of $115.64 and a 1-year high of $150.19. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. The business’s fifty day moving average price is $137.23 and its 200-day moving average price is $134.81.

American Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 14th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $3.20 annualized dividend and a dividend yield of 2.51%. American Financial Group’s dividend payout ratio (DPR) is presently 29.99%.

Institutional Trading of American Financial Group

Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC increased its holdings in American Financial Group by 3.8% during the third quarter. FMR LLC now owns 5,516,351 shares of the insurance provider’s stock valued at $742,501,000 after buying an additional 202,522 shares during the period. State Street Corp grew its position in shares of American Financial Group by 4.0% in the 3rd quarter. State Street Corp now owns 2,693,356 shares of the insurance provider’s stock worth $362,526,000 after buying an additional 104,172 shares during the last quarter. Geode Capital Management LLC boosted its stake in American Financial Group by 10.2% in the third quarter. Geode Capital Management LLC now owns 1,553,207 shares of the insurance provider’s stock valued at $208,699,000 after acquiring an additional 143,820 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in American Financial Group by 26.2% in the fourth quarter. Bank of New York Mellon Corp now owns 997,340 shares of the insurance provider’s stock worth $136,566,000 after purchasing an additional 207,285 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in shares of American Financial Group by 0.6% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 607,677 shares of the insurance provider’s stock worth $83,209,000 after purchasing an additional 3,580 shares in the last quarter. Institutional investors own 64.37% of the company’s stock.

About American Financial Group

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers’ compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance.